New DC rules will cripple Mumbai redevelopment, says MCHI
The new Development Control Rules applying restrictions on redevelopment projects in Mumbai will defeat the very purpose of the redevelopment scheme and lead to immense social injustice.
The new Development Control Rules applying restrictions on redevelopment projects in Mumbai will defeat the very purpose of the redevelopment scheme and lead to immense social injustice.
Demand continued to be robust in Bangalore with corporates expanding and leasing large spaces.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has estimated that the sector will face a funding gap to the tune of USD 70 billion over the next five years.
Leasing activity continued to remain strong in suburban micro-markets of Delhi – NCR, while the CBD and SBD saw moderate activity.
Godrej Properties could look at dilution of promoters’ holding in the company in the next six months.
A new next-generation member from its founding family has joined the country’s largest real estate group DLF, but Rahul Talwar, a grandson of chairman KP Singh, would begin his journey as a ‘trainee’.
Bahrain-based Star International Real Estate has signed an agreement to be the exclusive agent for two property developments in Goa.
Private equity firm India Property Fund has picked up a 49% stake in Ramprastha Group’s housing project Skyz in Gurgaon for Rs.120 crore.
Unitech Ltd is expanding its retail development business and plans to invest around Rs.2,000 crore over the next three years to develop about 2 million sq. ft of premium and luxury shopping malls.
Shares of DLF rose six per cent in Monday’s trading on expectations the company’s debt reduction strategy was falling in place, said analysts tracking the stock.